{"id":190944,"date":"2009-10-13T12:24:00","date_gmt":"2009-10-13T17:24:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/13\/whiskey-tango-foxtrot-39\/"},"modified":"2009-10-13T12:24:00","modified_gmt":"2009-10-13T17:24:00","slug":"whiskey-tango-foxtrot-39","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/10\/13\/whiskey-tango-foxtrot-39\/","title":{"rendered":"Whiskey Tango Foxtrot?"},"content":{"rendered":"<p>So, let me get this straight, the latest foreclosure prevention program from the Treasury involves <a href=\"http:\/\/www.housingwire.com\/2009\/10\/12\/treasury-to-announce-new-program-to-avoid-foreclosure\/\">evicting people from their homes<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>HAFA already holds the support of Fannie, according to a VP at the agency, Eric Schuppenhauer, who believes the new program allows borrowers in imminent default to \u201cmake a graceful exit\u201d from their home. HAFA will keep the stigma associated with foreclosure away from the borrowers, he added, and help keep communities intact.<\/p>\n<p>Maggiano adds that HAFA will offer financial incentives to both servicers and borrowers, and associated secondary investors, in order to facilitate a short sale or deed in lieu of the property.<\/p><\/blockquote>\n<p>So, this is sensible policy, while giving bankruptcy judges the power to cram down mortgages, like the do for almost every other sort of debt is evil socialism, or maybe a bad hair day, or something bad.<\/p>\n<p>Huh?<\/p>\n<p>H\/t <a href=\"http:\/\/www.eschatonblog.com\/2009\/10\/uhh.html\">Atrios<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So, let me get this straight, the latest foreclosure prevention program from the Treasury involves evicting people from their homes: HAFA already holds the support of Fannie, according to a VP at the agency, Eric Schuppenhauer, who believes the new program allows borrowers in imminent default to \u201cmake a graceful exit\u201d from their home. HAFA &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088,985,982],"tags":[],"class_list":["post-190944","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190944"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=190944"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/190944\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=190944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=190944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=190944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}